Solar Panel Cost Guide in Cherry Hill, VA (2025 Update)
- Cherry Hill Solar Installation Cost: $20,044
- 25-Year Savings: $19,930
- Payback Period: 13.6 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Cherry Hill
We go over average solar pricing in Cherry Hill.
In Cherry Hill, solar panels cost about 4 per watt on average.The average Cherry Hill homeowner needs a 8.0-kilowatt system, which would cost about $20,044 with the federal tax credit, or $28,663 before the 0 tax credit is applied.
These figures are just averages, and the cost of going solar for you will most likely differ based on your specific situation and what company you go with.But, once you've paid the initial cost of installation, the ROI for most homeowners is quite rewarding, with a net average savings of about $18,000 over 20 years on energy bills.
You can click the button below to get connected with a vetted solar company in Cherry Hill that can help you get a more accurate cost estimate for your home.
Solar savings over time in Cherry Hill
| Year | Return on Investment |
|---|---|
| 1 years | $-18,445 |
| 3 years | $-15,247 |
| 5 years | $-12,049 |
| 7 years | $-8,851 |
| 9 years | $-5,653 |
| 11 years | $-2,455 |
| 13 years | $743 |
| 15 years | $3,941 |
| 17 years | $7,138 |
| 19 years | $10,336 |
| 21 years | $13,534 |
| 23 years | $16,732 |
| 25 years | $19,930 |
Top Solar Installers in Cherry Hill
DIY solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Going with a solar company can make your swap to solar power much easier. Local solar installers can also help you maximize your return on investment by assisting with any local incentives and by providing warranties and repairs.
There are various licensed solar professionals that can help you install your solar panels. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Cherry Hill
Factors that Affect Solar Panel Costs in Cherry Hill
There are a number of factors that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $3,590. There are a lot of different solar panel brands and the one you pick also changes the cost. In general, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Cherry Hill to be too costly, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in higher prices over time because of interest.Even though solar loans make switching to solar energy more accessible for Cherry Hill homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Cherry Hill is the company you choose to install your solar system. Similar to choosing a company to renovate your kitchen, for instance, there’s no shortage of solar installers that provide a range of services at different price points.Larger national companies generally have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric car charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.73 | $15,681 | $12,002 | 14.2 years |
| 8 kW | $3.66 | $20,506 | $16,405 | 13.9 years |
| 10 kW | $3.59 | $25,130 | $21,009 | 13.6 years |
| 12 kW | $3.52 | $29,553 | $25,814 | 13.3 years |
| 14 kW | $3.45 | $33,775 | $30,819 | 13.1 years |
| 16 kW | $3.37 | $37,796 | $36,026 | 12.8 years |
| 18 kW | $3.30 | $41,615 | $41,434 | 12.5 years |
| 20 kW | $3.23 | $45,234 | $47,043 | 12.3 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Cherry Hill, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
- Warranty: Warranties that provide coverage for defective panels and repairs over a couple decades are the gold standard in the business, and offering that kind of warranty is one indication of a quality company.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Cherry Hill, VA Solar Cost FAQs
How much does it cost to install solar panels in Cherry Hill?
The average cost of solar panels in Cherry Hill is about $17,950 for a 5-kW system and $35,900 for a 10-kW system before the ITC, but the real cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Cherry Hill?
A solar panel system isn’t free in Cherry Hill, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
How much can I save on electricity bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $922.77 per year.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.